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Jan 14, 2013
01/13
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the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily because when you look at consumer credit and disposable income, they increase one to one. we had an increase in consumer credit, away from the trend. you have an increase in disposable nexincome. it may not be a lot, but that could have a nonlinear effect on the area. when i look back at the valuation of it, xly or the underlying index is trading at the high end of its valuation on a p.e. and price to book ration owe is the word i was looking for. it a tough word. >> yeah. >> r-a-t-i-o. >> yes. >> i but curious about this, because it doesn't sound like a lot, but the tax policy center says that's $18 to $20
the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily...
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Jan 13, 2013
01/13
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. >> and that is what that were sold on when they raised taxes, the idea of more money going toec. does it fulfill the promise? >> it provides $2.7 billion more to education and 500 million to higher education and that is where a lot of the support is and the governor made a contract. i think he has a contract with the voters and is willing to live up to that and ask for more resources and money and taxes. he got that and is not going to be responsible moving forward. >> and when we pass prop 30, it wasdoms day. we were going to see draconian cuts and now a surplus? did that solve the problem? >> the question is, were they telling the truth then? >> is that crying wolf then? >> it's not. this budget has $6 billion from the tax increase and without that $6 billion, we would be short that amount of money and we needed that to battlance the budget as the governor projected earlier. >> and we were up in sacramento on monday when the legislature got back together and we have a lot of new members up there and you couldn't recognize half of them and there is also, i saw the lobbyist in th
. >> and that is what that were sold on when they raised taxes, the idea of more money going toec. does it fulfill the promise? >> it provides $2.7 billion more to education and 500 million to higher education and that is where a lot of the support is and the governor made a contract. i think he has a contract with the voters and is willing to live up to that and ask for more resources and money and taxes. he got that and is not going to be responsible moving forward. >> and...
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Jan 14, 2013
01/13
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taxes. for people not earning that much, you may think well, who cares then. well, analysts say this is going to have a significant impact on the economy. families have less money to spend, especially in local stores, eating out or on vacation. that in turn could hurt our job market once again. coming up in our next hour of mornings on 2, the action some people say they're going to take that could really have a devastating effect on them later in life and on our economic future. tori, dave? >> pam, thank you. >>> time 7:49. inauguration day for president obama is one week from today. organizers held a dress rehearsal getting ready for the big event. >> this was the scene on the streets of washington, d.c. just yesterday. there was this rehearsal parade along with a mock swearing in ceremony. president obama's second inauguration will be smaller than his historic first swearing in. turnout is expected to be between 600,000 to 800,000. that compares to a record 1.8 million people four years ag
taxes. for people not earning that much, you may think well, who cares then. well, analysts say this is going to have a significant impact on the economy. families have less money to spend, especially in local stores, eating out or on vacation. that in turn could hurt our job market once again. coming up in our next hour of mornings on 2, the action some people say they're going to take that could really have a devastating effect on them later in life and on our economic future. tori, dave?...
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Jan 16, 2013
01/13
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we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit. in a powerful moment today the president spoke about meeting the parents of newtown victim grace mcdonnell. there she is. let's take a look. >> grace was seven years old when she was struck down. just a gorgeous, caring, joyful little girl. i'm told she loved pink. she loved the beach. she dreamed of becoming a painter. chris, her father, gave me one of her paintings. and i hung it in my private study just off the oval office. and every time i look at that painting, i think about grace. and i think about the life that she lived and the life that lay ahead of her. and most of all i think about how when
we can be for lower taxes, less government, less regulation. we can agree on that. but that is sick. why don't they call him up and say shut up once in awhile. your thoughts? >> they should. and if rush limbaugh actually saw that classroom after that morning, the reality of the situation that we're talking about. >> two to eleven bullets in each kid. unrecognizable children. remember being in first grade? >> i have a son who's there. >> we all remember it a little bit....
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Jan 15, 2013
01/13
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it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back. >> norwegian cruise lines goes back. not a massive limited partnership. >> that's a very well known name. >> sure they will be trying it out. >> get me my sunglasses. >> closing countdown coming up. >> and is congress threatening the economy with the looming fight over the debt ceiling? something we're all talking about, and will washington ever get serious about fixing the debt crisis. do not miss, this should be pay-per-view's, maria's exclusive interview with alan simpson coming up on the "closing bell." >> he's always great.
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back....
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Jan 15, 2013
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the findings, the budget is balanced thanks to increased tax revenues. the analyst also praised governor brown for emphasizing fiscal restraint. >> a high-profile autopsy report revised. still ahead, the twist in the investigation into the death of natalie wood. >> iphone 5 not selling nearly as well as expected. how sluggish demand led to a low point for the cupertino company today. >> fine play-off performance breeding a twitter trend. the 49ers tribute called kaepernicking. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possi
the findings, the budget is balanced thanks to increased tax revenues. the analyst also praised governor brown for emphasizing fiscal restraint. >> a high-profile autopsy report revised. still ahead, the twist in the investigation into the death of natalie wood. >> iphone 5 not selling nearly as well as expected. how sluggish demand led to a low point for the cupertino company today. >> fine play-off performance breeding a twitter trend. the 49ers tribute called kaepernicking....
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Jan 19, 2013
01/13
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on facebook. yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >> good morning, everyone, we're live in
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not...
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Jan 21, 2013
01/13
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to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been slow to the table in part because he doesn't see republicans as a worthy partner for the steps that have a strong political fallout. people will punish you for people cutting the entitlement programs people punish you at the polls rhetorically. one of steve's great heros congressman ryan of wisconsin took some of that risk and saw the kind of pounding that you take for saying, yes, i would make strong cuts when it comes to something like medicare. i think president obama has been reluctant to join in that junk without knowing that in fact speaker
to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been...
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Jan 18, 2013
01/13
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type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across the board as far as taxes go. host: thanks for the call. we welcome our listeners and our focus this morning the role of government in solving america's problems. it was something that dwight eisenhower talked about in his fair well address 52 years ago this week. from our twitter page there is this from one of our viewers -- rick is joining us from maryland democrats line. good morning. caller: good morning. i think the government should be a part of our life, because without the government all these millionair
type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across...
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Jan 18, 2013
01/13
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cut, and the upper income tax hikes. the $250,000 of drag, right? so we just haven't seen that effect yet. >> all right, rebecca, i have two for you. number one is that i'm reading that the euro crisis this year is going to go on the back burner even though nothing's been settled. it just seems like people aren't as concerned about it. so, i guess that explains the euro's move. and then, this news out of japan that kelly's all -- talks about all the time. >> she's teed up on. >> she's very teed up on that. and reading some of the stuff that abe is getting accomplished, it is different. i mean they're going to do -- they're going to -- >> they're going to out-fed the fed. >> exactly. and you know, they haven't had -- do you remember the last time they've had 2% inflation? >> twice in the last two decades. briefly. one on the back of a tax increase. >> just really brief. >> they've flirted with 2% and that's come back -- >> you think they can orchestrate that? >> i'm dubious for now. but if you have a better u.s., a quiet
cut, and the upper income tax hikes. the $250,000 of drag, right? so we just haven't seen that effect yet. >> all right, rebecca, i have two for you. number one is that i'm reading that the euro crisis this year is going to go on the back burner even though nothing's been settled. it just seems like people aren't as concerned about it. so, i guess that explains the euro's move. and then, this news out of japan that kelly's all -- talks about all the time. >> she's teed up on....
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Jan 21, 2013
01/13
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more tax hikes on the rich? >> i think that's exactly right. he's not terribly interested in the economic agenda. you would think a country with historically high unemployment, historically we've never had higher chronic unemployment with a recovery that's the weakest since the second world war and with 16 trillion dollars of debt would address that in his inaugural address and the only extent he does, as you mention right here, is sort of class war on what he seems to attribute to the selfishness of the rich, without giving it any serious consideration. so, to the extent he's interested in the economy, he will use it for a little class war, for a little levelling, reduction, inequality. but he's outlined, showing that's not his main interest. the main interest is changing the nature of the relationship between citizen and state, where he restores the prestige of the government, the importance of the government, which used to be the case in the heyday of the liberalism before ronald reagan. >> megyn: when you heard him condemning the name calli
more tax hikes on the rich? >> i think that's exactly right. he's not terribly interested in the economic agenda. you would think a country with historically high unemployment, historically we've never had higher chronic unemployment with a recovery that's the weakest since the second world war and with 16 trillion dollars of debt would address that in his inaugural address and the only extent he does, as you mention right here, is sort of class war on what he seems to attribute to the...
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Jan 15, 2013
01/13
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xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the basis of our government, of course, but this is only the second time ever the entire document was read aloud in the house. >> we the people of the united states in order to form a more perfect union -- >> no person except a natural-born citizen shall be eligible to the office of president. >>> the powers to all cases of law and equity. >> full faith and credit given in each state to the public acts. >> congress shall make no law respecting an establishment of religion, the right of the people to keep and bear arms shall not be infringed. >> neither slavery nor involuntary servitude shall exist within the united states. >> the
xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the...
SFGTV2: San Francisco Government Television
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Jan 21, 2013
01/13
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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Jan 18, 2013
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let's bring the tax rates down and reform the tax system. let's have more pro drilling and pro energy policy. let's get some of the these regulations to make sense. we go on and on, but the thing that was amazing and i think you and i and most americans would agree with the recommendations, the president did virtually nothing with these. >> neil: a lot of administrations of commissions where they look into something and then the final report collects dusted. i always think with the president involved, if you are commission doing something really dicey, you stand behind them. they come out with a recommendation you put yours in with theirs, this unbiased and sort of boundless commission has come up with ideas, some of which i like, some i don't like but i stand by the key recommendations, yea or nay, he would be richly rewarded? >> there is a problem with that. if you look at the recommendation, things about lowering tax rates, that is opposite what the president wanted to do. he wanted to have the mirror of this group of very respected busin
let's bring the tax rates down and reform the tax system. let's have more pro drilling and pro energy policy. let's get some of the these regulations to make sense. we go on and on, but the thing that was amazing and i think you and i and most americans would agree with the recommendations, the president did virtually nothing with these. >> neil: a lot of administrations of commissions where they look into something and then the final report collects dusted. i always think with the...
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Jan 20, 2013
01/13
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we've gotten tax increases. albeit went from the 250,000 limit to 400,00 but at the end of the day it is still a tax increases on small businesses and entrepreneurs like myself who, remind you, many years may have gone with little or no pay. have risked absolutely everything, at times, we even mortgaged our house for our business. and then when we finally do make it and reach a certain income level the government steps in and takes more of our money. somehow that to me is not a pro-growth policy and doesn't encourage growth. neil: are you seeing growth, to his point, are you see some pickup in loan activity because the argument you hear in the white house and other democrats is that that might be the quiet wind behind our back? that might be the pickup that we're seeing in housing and manufacturing data and in some of these job figures. it is picking up. that might ease angst like yours? >> no. we're, we're, actually, what we're seeing is, in the, in the past six months there was that glimmer of hope, the glimme
we've gotten tax increases. albeit went from the 250,000 limit to 400,00 but at the end of the day it is still a tax increases on small businesses and entrepreneurs like myself who, remind you, many years may have gone with little or no pay. have risked absolutely everything, at times, we even mortgaged our house for our business. and then when we finally do make it and reach a certain income level the government steps in and takes more of our money. somehow that to me is not a pro-growth...
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Jan 19, 2013
01/13
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we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothing to dissuade you or some of your colleagues from getting off that? >> businesses are still growing, neil but they're not growing as much as they otherwise would. and that uncertainty has a very real trickle down effect. i'll use us as an example. we're building a new gio pronto restaurant right now. i would have loved to borrow the total investment from people like joe and gold coast banking. no way i'm going to do that based on uncertainty. i go borrow less than i would oth
we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring....
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Jan 15, 2013
01/13
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the dividend tax rates would go up dramatically in 2013. as the market moves on, take some money off the table, what we found the last three years is if you bought with the s&p is under the moving average, your average gain is 45.3%. if you bought when it was over the moving average, your average gain is 1.5% per year. i still think it'll be a back-and-forth market. take some profits in the euphoria. david: we think about what is happening inside the beltway. it is a global market. it is becoming more of a global market. you see global trade is really taking off in 2013. that leads to tremendous opportunities if it happens, right? >> i think so, david. evaluations are compelling whether it is europe, china. emerging market and even in japan. on the way to unlock the valuations and as investors come around to realizing those risks are receding, you will see a compression of the equity risk premium allowing evaluations to expand. david: lets michelle and she won one of those countries, japan. some people say this new leader going in the oppos
the dividend tax rates would go up dramatically in 2013. as the market moves on, take some money off the table, what we found the last three years is if you bought with the s&p is under the moving average, your average gain is 45.3%. if you bought when it was over the moving average, your average gain is 1.5% per year. i still think it'll be a back-and-forth market. take some profits in the euphoria. david: we think about what is happening inside the beltway. it is a global market. it is...
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Jan 14, 2013
01/13
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i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it is fair, for example, to ask a senior to pay more for his or her health care or a scientist to shut down life heavy saving research so the that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it is smart to protect endless corporate loopholes and tax breaks for the wealthiest americans, rather than rebuild our roads and our schools, invest in our workers skills or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way where everybody pulls their weight,
i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision...
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Jan 17, 2013
01/13
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whatever that tax rate works. it can cover their expense, buy books, scene their kids to school, put food on the table. it doesn't matter where the tax was a generation ago or three years ago because we assimilate, we're a productive capitalist society that assimilates. it on lie matters where you are. love steve liesman's presentation. it's about government spending. what i find fascinating, what we have here is on one side debt. on the other side we have stimulus but not really. okay. boy the board is even getting excited. but debt and stimulus are the same. it just depends on which side of the check you're on. the 1.2 trillion every year in debt is basically a stimulus. so why is it so shock or why is it that to stop increasing debt that once you do the numbers go down? you know what it's like? you remember those old cars in the old days. you had stick shift. your battery was dead you pushed it to get it going. say you have to pay your buddies 20 bucks to get a push. if after 50 pushes it doesn't start maybe th
whatever that tax rate works. it can cover their expense, buy books, scene their kids to school, put food on the table. it doesn't matter where the tax was a generation ago or three years ago because we assimilate, we're a productive capitalist society that assimilates. it on lie matters where you are. love steve liesman's presentation. it's about government spending. what i find fascinating, what we have here is on one side debt. on the other side we have stimulus but not really. okay. boy the...
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Jan 19, 2013
01/13
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no doubt that the main concern, for instance, in my city in northeast mexico is a border state with taxes. too often, cities have borders with the rio, texas that we also have my city on the southeast part of the state and it's a strategic location. my city the city of 670,000 people. it's a big city. the metropolitan area sharing the space which has two cities, our neighbors in another city, which is my city. there is no doubt that the main concern of the people in the border areas on the mexican side is the demand for safety and the demand for security. this demand is being heard louder and louder than the demands for employment and secret services, which is what we mayors do. when i was listening of course for job creation, economic development. but i mexico, it's becoming also one of the major necessities, which was than in the past, but is now. the fact that a strategic security knowledge and something, which in the past, we never had to do it, which we security issues, which would strategy, which was this alliance that needs to be built at the federal government, drug enforcement ag
no doubt that the main concern, for instance, in my city in northeast mexico is a border state with taxes. too often, cities have borders with the rio, texas that we also have my city on the southeast part of the state and it's a strategic location. my city the city of 670,000 people. it's a big city. the metropolitan area sharing the space which has two cities, our neighbors in another city, which is my city. there is no doubt that the main concern of the people in the border areas on the...
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Jan 15, 2013
01/13
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say they they make up 16% of the taxes collectle in the country. all the different argument. what about the concern over the country's fiscal situation. and how it factors in to this particular disaster relief bill after the house passed the $9 billion relief bill, the first tranche of relief the last two weeks. new jersey governor chris christie criticized for the delay to this point. thenate doing something two weeks ago. it seems to me that the criticism it's a blunt instrument. 1.6% of discretionary spending lop it off and throw it away. if you look at priest proposals, doing away with the legal services and you think wait a minute. there is a political agenda here being pursued by people who want to do away with the discretionary spending. the comeback has been this is the first time. you have never had a situation where disaster relief has been attached to, the compensatory cuts in the rest of the budget. >> bret: right. that is a fair point. they makebe is that to tie all of this together has not happened before. it didn't happen in katrina and it didn't happen in othe
say they they make up 16% of the taxes collectle in the country. all the different argument. what about the concern over the country's fiscal situation. and how it factors in to this particular disaster relief bill after the house passed the $9 billion relief bill, the first tranche of relief the last two weeks. new jersey governor chris christie criticized for the delay to this point. thenate doing something two weeks ago. it seems to me that the criticism it's a blunt instrument. 1.6% of...
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Jan 14, 2013
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 16, 2013
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they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond our means. they, in because of the business atmosphere and because we like visitors. a friendly place. the idea of getting to the numbers that you talked about during the first part of the interview and getting through the projections that this particular group put out that this $9 billion gap, specifically, how do you get there sure mark where did the cuts come from? >> i do not know where that number came. there will be a supplemental appropriations bill which we filed in a few weeks. they will fill some of the medicaid that we do not have. it is available in the surplus and it is av
they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond...
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Jan 16, 2013
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you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look, we're spending 24 percent of gdp and we're taking in 16%. we've got a spending problem. part of the spending problem is the recession that we've been in. the thing you've got to remember all of this has to be designed to get strong economic growth. the goal is not to cut spending or deal with the deficit. those are vehicles to get to the main goal getting the economy to grow at a faster rate. >> it is possible for someone to look at what he thinks government should provide for its citizens and it is possible to believe that 25% of gdp should be spent on government services. it is possible that he believes that
you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look,...
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Jan 13, 2013
01/13
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we are talking about a sales tax and it is alled the fair tax. what it means, yes, it could start at 15 percent x. rick unger makes a good point. states have their own sales tax system . it would make a competitive health care market. here is the problem, the senior lobby would lobby hard against it because seniors paid the income taxes and when they spend income in sales tax, they would be upset about it. >> michael, just for the sake of simplicity alone. the last tax increase that we had to endure makes the tax code more complex. for the sake of simplicity don't you want. >> i want a flat income tax and that makes it simple and fair and everyone to pay the porportion of their income in taxes that gives them the same amount of sn in the game and that would slow down government spending, wow, i am going to taxed for a new program. >> steve will not give you an argument on the flat tax, but the beauty of what is happening in the state level in this country, for all of the messiness that we have in the state level they are getting their act togethe
we are talking about a sales tax and it is alled the fair tax. what it means, yes, it could start at 15 percent x. rick unger makes a good point. states have their own sales tax system . it would make a competitive health care market. here is the problem, the senior lobby would lobby hard against it because seniors paid the income taxes and when they spend income in sales tax, they would be upset about it. >> michael, just for the sake of simplicity alone. the last tax increase that we...
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Jan 20, 2013
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without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meanss tomor "fox & friends."nt meanss tomor >> tune in for the after the show show. >> brenda: the people have spoken. 83% of americans calling government spending out of control. so, what do some democratic lawmakers want to do? get rid of the nation's debt limits. they say it's keeping the economy down but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary
without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do...
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Jan 20, 2013
01/13
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? your wallet? guess again, the this is $100,000. your wallet? guess again, the we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takesore money than a stranger, you need an ally. ally bank. your money needs an ally. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. address is on the steps on monday. i'm jamie colby. back to bulls and bears right now. >> brenda: so, first the price spikes and now the price hikes. chipotle warning of higher menu prices because of higher food costs. a
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? your wallet? guess again, the this is $100,000. your wallet? guess again, the we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takesore money than a stranger, you need an ally. ally bank. your money needs an ally. executor of...
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Jan 17, 2013
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income tax, there is none in texas. 9% in california. no corporate tax. so there is job creation. so california lost over the past ten-year a couple million people. half a million people moved in to texas. >> gretchen: one of the big arguments has been that california will continue to not be able to pay its bills because people like that who are employable are leaving so they're losing their tax base. >> they pay their politicians so much, some towns have gone bankrupt. san bernardino. we sent kennedy, a special correspondent from my show to the mayor's office looking for answers. >> i walked down an empty hallway looking for the mayor, looking for anyone. i felt like i was in a horror movie. it was creepy. i found an empty conference room and decided i would take over as mayor. show of hands? all right. not all at once. busy day. we have a lot of problems. lot of people out of work. lot of businesses with shuttered doors. i don't hear any answers from any of you! >> steve: the lights are on, but nobody is home. >> they were in there. she couldn't find them. san bernardino is the
income tax, there is none in texas. 9% in california. no corporate tax. so there is job creation. so california lost over the past ten-year a couple million people. half a million people moved in to texas. >> gretchen: one of the big arguments has been that california will continue to not be able to pay its bills because people like that who are employable are leaving so they're losing their tax base. >> they pay their politicians so much, some towns have gone bankrupt. san...
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Jan 17, 2013
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tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter most. humana. ♪ neil: cornhusker playing tax buster. the republican governor is not showing taxes love. double down on cuts and a lot of cuts. he joins republicans looking to roll back a variety of taxes. dave right now, governor, exbrain you are doin
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of...
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Jan 17, 2013
01/13
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tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worse
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to...
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Jan 16, 2013
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obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says common sense can win. and good people can win. and you can actually get government to work and get good things to happen. you can overpower the extremists with intelligence and with reason and with common sense. >> the nra immediately released this statement. these gun control schemes have failed in the past and will have no impact on public safety and crime, sadly, the new york legislature gave no consideration to that reality while lawmakers could have taken a step towards strengthening mental health reporting. instead, they opted for stopping the rights of gun owners and they did it under a veil of secre
obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says...
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Jan 14, 2013
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i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class. and my biggest priority was making sure that middle class taxes did not go up. the difference between this year and 2011 is the fact that we've already made $1.2 trillion in cuts. at the time i indicated that there were cuts that we could sensibly make that would not damage our economy, would not impede growth, i said at the time i think we should pair it up with revenue in order to have an overall balanced package. but my own budget reflected cuts in discretionary spending. my own budget reflected the cuts that needed to be made. and we've made those cuts. now, the challe
i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class....
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Jan 20, 2013
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. >> i need the "time to pay taxes" watch. >> okay we can't find the other watch but it's here some place. i need about $1 million in financing. that world work on this new watch. this is called a "flip" watch. two watches in one. people don't buy watch anymore just to tell the time. they buy watches to tell something about themselves. so this watch you could be -- in this case it's an obama inaugural watch. one watch here and one watch there. >> i'm going to stop you so you get the million dollars. what do you need it for? >> licensing and cash flow. >> got it. okay. you guys, you have a watch. i wonder if this will influence monica's decision. i suspect not. how do you think -- into job. right? how do you think you did, monica? >> i think that his pitch was great. i think you have a catchy product that's fun but for a million dollars i would be looking for a company that has the opportunity to scale so i'd really want to know how you're going to grow this business post his second term, because there may be a big slipdown in terms of people's interest in showing their obama support. >> y
. >> i need the "time to pay taxes" watch. >> okay we can't find the other watch but it's here some place. i need about $1 million in financing. that world work on this new watch. this is called a "flip" watch. two watches in one. people don't buy watch anymore just to tell the time. they buy watches to tell something about themselves. so this watch you could be -- in this case it's an obama inaugural watch. one watch here and one watch there. >> i'm going...
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Jan 15, 2013
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as for the bill itself, the pathway to citizenship would come with a payment of fines and back taxes. the bill would also include a nationwide legal verification system for all newly hired workers. additional visas for highly skilled immigrants and a guest worker program. top senate democrat harry reid sounded optimistic about its passage. >> tentatively on a path to citizenship which has been a stumbling block. we need to promote bipartisan bills quicker than you think. >> you are confident this will amount to something substantial? >> we'll do something significant. >> then again, there's always the lower chamber. according to texas congressman lamar smith, any bill with a pathway to citizenship will have a hard time passing. phil, the georgia republican who weighed in so very eloquently on todd aken's rape comments this weekend, told the "new york times" he remains opposed to amnesty of any kind. joining us now is telemundo jose diaz. it is always a good day when you are on this program, my friend. great to see you. >> thank you so much. thank you so much. >> jose, let me ask you -
as for the bill itself, the pathway to citizenship would come with a payment of fines and back taxes. the bill would also include a nationwide legal verification system for all newly hired workers. additional visas for highly skilled immigrants and a guest worker program. top senate democrat harry reid sounded optimistic about its passage. >> tentatively on a path to citizenship which has been a stumbling block. we need to promote bipartisan bills quicker than you think. >> you are...
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Jan 14, 2013
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the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is when the sequester begins. watch the president try and weasel out of the sequester, that it was his idea, and he agreed to it -- >> doesn't matter whose idea it is. how are you going to get on the offense? see i'm with you. i'm a fiscal conservative. but you're on your back feet. >> no, no. the sequester takes place automatically unless something else happens, saving $1.2 trillion. debt ceiling which comes up around march 14th, fuzzy day but roughly march 14th, there the republicans have said for two years now, because the president's busting the budget with all his spending he's going to ha
the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is...
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Jan 14, 2013
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 15, 2013
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we have 2 1/2 trillion dollars worth of tax revenue coming into the treasury every year. we can use some of that money to pay our interest on our debt. we will meet our obligations on our debt regardless of the debt ceiling. we will not default. that is an absolute, we will not default. the idea that we will if we don't raise the debt creel something an absolute flat out myth. >> gretchen: what else did he say you didn't agree with? >> the use of the expression, dead beat nation, that really is talking down america. the president is encouraging congress, encouraging america to pay its bills using a credit card to pay its bills, using borrowed money to pay its bills. that credit card will never be paid off and the balance on it will never be paid down. that is dead beat behavior and that should be pointed out. by using that expression, the president is talk down america. we stand not as tall in the eyes of the world when the president uses that kind of language. >> gretchen: could it also be he was talking down to republicans because he thinks right now that he has the maj
we have 2 1/2 trillion dollars worth of tax revenue coming into the treasury every year. we can use some of that money to pay our interest on our debt. we will meet our obligations on our debt regardless of the debt ceiling. we will not default. that is an absolute, we will not default. the idea that we will if we don't raise the debt creel something an absolute flat out myth. >> gretchen: what else did he say you didn't agree with? >> the use of the expression, dead beat nation,...
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Jan 15, 2013
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the payroll tax holiday was allowed to expire. the fiscal cliff, this isn't a new tax. it's a return of an old tax but it's playing havoc with domestic stocks. so is all of the partisanship that makes our country seem like a mickey mouse place to invest and uncertainty going forward, every single democratic government on earth seems to be better organized and smoother functioning than ours. that uncertainty caused by that lack of confidence and higher payroll taxes might have something to do with the declines we're seeing. telco was a place to hide back in 2012. at&t and verizon saw slow downs. no let up in the subsidies to apple and samsung, we love these companies because they had no europe last year, no china, no mexico. now we wish they had all three and there was business formation. let's focus on the other half of the equation. it's a little more robust, where the money is going. last night china had one more remarkable session. holy cow, courtesy of new attitude. the gold double digit growth is taking up the fxi. follow along, but it is taking up the ancillary ch
the payroll tax holiday was allowed to expire. the fiscal cliff, this isn't a new tax. it's a return of an old tax but it's playing havoc with domestic stocks. so is all of the partisanship that makes our country seem like a mickey mouse place to invest and uncertainty going forward, every single democratic government on earth seems to be better organized and smoother functioning than ours. that uncertainty caused by that lack of confidence and higher payroll taxes might have something to do...